Property investors who have had real estate in Berala, 2141 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.23%
While Berala,2141 ranked number 900th in NSW for increase in median house value (annualised) increase, it is ranked 984th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Berala is offering property investors an average of -7.36. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 8.26%, investors should hope to achieve an overall return of 3.11%
With a capital gain of 2.11% for the last 12 months, Berala, 2141 has performed for property investments than its average annual 10.36% property growth over the last 5 years.
Across a shorter period, Berala, 2141 has seen a median price increase of 2.02% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.06% offered to property buyers. Sellers in Berala itself are offering an average vendor discount of -7.57% to real estate investors.
Often selling an investment property can take time, and in Berala the average time real estate has been on the market is 87.42 days.
Property investors should expect to get $390 weekly from the median priced house in this suburb.